Issue of Shares and Total Voting Rights

RNS Number : 6978X

Team17 Group PLC

06 January 2022

 

6 January 2022

Team17 Group plc

("Team17", the "Group" or the "Company")

Issue of shares and total voting rights

Team17, a global games label, creative partner and developer of independent ("indie") premium video games and developer of educational entertainment ("edutainment") apps for children, announces that further to the announcement of the acquisitions of Hell Let Loose and The Label on 6 January 2022, application has been made to the London Stock Exchange for the 2,136,323 new ordinary shares issued as part of the consideration for the acquisitions to be admitted to trading on AIM ("Admission"), and it is expected that Admission will take place at 8.00 a.m. on 11 January 2022.

The new ordinary shares will, when issued, be credited as fully paid and will rank pari passu with the existing ordinary shares of £0.01 each in the capital of the Group, including the right to receive all future dividends and distributions declared, made or paid by reference to a record date falling after their issue.

Following admission of the 2,136,323 new ordinary shares, the Group's issued share capital will comprise 133,609,545 ordinary shares of £0.01 each. The above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Group under the Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

Team17 Group plc Debbie Bestwick MBE, Chief Executive Officer Mark Crawford, Chief Financial Officer	via Vigo Consulting
Houlihan Lokey (Nominated Adviser) Adrian Reed / Paul Lines	[phone]
Berenberg (Broker) Chris Bowman / Toby Flaux / Marie Moy / Alix Mecklenburg-Solodkoff	[phone]
Vigo Consulting (Financial Public Relations) Jeremy Garcia / Kate Kilgallen [e-mail]	[phone]

About Team17

Team17 is a global games entertainment label and creative partner for independent ("indie") developers, focused on the premium, rather than free to play market, and creating games for the PC, console, mobile and tablet gaming markets.

Alongside developing the Company's own games in house ("first party IP"), Team17 also partners with independent developers across the globe to add value to their games in all areas of development and production and in bringing them to market across multiple platforms for fixed percentage royalties ("third party IP").

Since foundation in 1990, the Company has launched over 100 games, including the iconic Worms, Overcooked! and Escapists franchises, Yooka-Laylee, Yoku's Island Express, My Time at Portia, Hell Let Loose, Blasphemous, Golf With Your Friends, Neon Abyss and Moving Out making Team17 one of the most prolific developers and diverse partners of games for the indie market.

In July 2021, Team17 acquired StoryToys, a world-class developer and publisher of educational entertainment apps for children with many leading children's brands, including LEGO®, Disney, Pixar, Penguin, Warner Bros, Sesame Workshop, Dick Bruna, Hasbro, and Nickelodeon.

Visit www.team17.com for more info.

 

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